INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims against Net 1 UEPS Technologies, Inc.

Business Wire 9-Nov-2018 8:45 PM

The law firm of Kirby McInerney LLP is investigating potential claims against Net 1 UEPS Technologies, Inc. ("Net 1 UEPS" or the "Company") (NASDAQ: UEPS). This investigation concerns whether Net 1 UEPS has violated federal securities laws and/or engaged in other unlawful business practices.

On November 8, 2018, during aftermarket hours, Net 1 UEPS announced that it will restate its financial earnings for the year ended June 2018 due to an accounting error related to its investment in Cell C Proprietary Limited.

On this news, the price of Net 1 UEPS shares fell $2.16, or about 30.8%, to close at $4.84 on November 9, 2018.

If you purchased or otherwise acquired Net 1 UEPS securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, and whistleblower litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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